Steel Connect Reports First Quarter Fiscal 2025 Financial Results
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Steel Connect, Inc. (NASDAQ: STCN) reported its first quarter fiscal 2025 financial results, showing an increase in net revenue but a decrease in net income compared to the previous year. The company achieved a higher adjusted EBITDA and margin.
December 12, 2024 | 11:45 am
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Steel Connect's Q1 FY2025 results show increased net revenue but decreased net income. Adjusted EBITDA and margin improved, indicating operational efficiency gains.
The increase in net revenue is positive, but the decrease in net income may concern investors. However, the improved adjusted EBITDA and margin suggest better operational efficiency, which could offset concerns about net income. Overall, the mixed results may lead to a neutral short-term impact on the stock price.
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